Updated Dec 4, 2024
Ivy Housing Sells Student Housing Asset At 127 State Street In Glassboro For $1.4M
127 State Street
$1,400,000
$442/SF
Building Size
3,162 SF
Asset Type
Student Housing
Closing
Nov 20, 2024
About this deal
AI
The property asset involved in this transaction is a student housing facility located at 127 State Street in Glassboro. The sale price for the property was $1,400,000. The asset has a total square footage of 3,162 and a price per square foot of $442.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $1,400,000
- Address: 127 State Street
- Market: Glassboro
- Square Footage: 3,162
- Price per Square Foot: $442
- Seller: Ivy Housing
- Broker: Joshua Haas - Garden State Properties Group
Joshua Haas from Garden State Properties Group represented Ivy Housing in this sale transaction. This deal was finalized on November 20, 2024.
Glassboro Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93